ExlService (NASDAQ:EXLS) Stock Price Expected to Rise, Needham & Company LLC Analyst Says

ExlService (NASDAQ:EXLS) had its target price lifted by research analysts at Needham & Company LLC from $50.00 to $60.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the business services provider’s stock. Needham & Company LLC’s price target indicates a potential upside of 23.38% from the company’s previous close.

EXLS has been the subject of a number of other research reports. StockNews.com raised ExlService from a “hold” rating to a “buy” rating in a research report on Sunday, February 2nd. Jefferies Financial Group upped their price target on ExlService from $47.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, January 21st. Finally, Robert W. Baird upped their price target on ExlService from $40.00 to $44.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $46.43.

ExlService Price Performance

Shares of EXLS opened at $48.63 on Thursday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.02 and a current ratio of 3.02. The stock has a 50 day simple moving average of $47.98 and a 200 day simple moving average of $43.06. ExlService has a 52-week low of $28.16 and a 52-week high of $52.43. The firm has a market capitalization of $7.82 billion, a PE ratio of 42.66, a P/E/G ratio of 2.11 and a beta of 1.03.

ExlService (NASDAQ:EXLS) last issued its quarterly earnings data on Tuesday, February 25th. The business services provider reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.08). ExlService had a net margin of 10.61% and a return on equity of 23.23%. The business had revenue of $481.43 million during the quarter, compared to analyst estimates of $475.68 million. Sell-side analysts predict that ExlService will post 1.27 EPS for the current fiscal year.

Insider Transactions at ExlService

In other news, EVP Ajay Ayyappan sold 4,989 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $50.70, for a total transaction of $252,942.30. Following the sale, the executive vice president now owns 40,986 shares in the company, valued at $2,077,990.20. This represents a 10.85 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Maurizio Nicolelli sold 13,753 shares of the company’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $49.14, for a total value of $675,822.42. Following the sale, the chief financial officer now owns 194,440 shares in the company, valued at approximately $9,554,781.60. This represents a 6.61 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 34,928 shares of company stock worth $1,762,344 in the last 90 days. Corporate insiders own 4.16% of the company’s stock.

Institutional Investors Weigh In On ExlService

A number of large investors have recently added to or reduced their stakes in EXLS. Mather Group LLC. bought a new stake in ExlService in the 4th quarter valued at $25,000. Kestra Investment Management LLC bought a new stake in ExlService in the 4th quarter valued at $26,000. Ashton Thomas Securities LLC bought a new stake in ExlService in the 3rd quarter valued at $27,000. Huntington National Bank raised its stake in ExlService by 2,827.5% in the 3rd quarter. Huntington National Bank now owns 1,171 shares of the business services provider’s stock valued at $45,000 after acquiring an additional 1,131 shares during the period. Finally, Morse Asset Management Inc bought a new stake in ExlService in the 4th quarter valued at $49,000. Institutional investors own 92.92% of the company’s stock.

About ExlService

ExlService Holdings, Inc operates as a data analytics, and digital operations and solutions company in the United States and internationally. The company operates through Insurance, Healthcare, Analytics, and Emerging Business segments. It also provides digital operations and solutions and analytics-driven services, such as claims processing, premium and benefit administration, agency management, account reconciliation, policy research, underwriting support, new business acquisition, policy servicing, premium audit, surveys, billing and collection, commercial and residential survey, and customer service using digital technology, artificial intelligence, machine learning, and advanced automation; digital customer acquisition services using a software-as-a-service delivery model through LifePRO and LISS platforms; subrogation services; and Subrosource software platform, an end-to-end subrogation platform.